Driven by outsized stock market returns, community foundations saw their assets, gifts received, and grant dollars awarded hit all-time highs in 2013, a survey by the and finds. Based on responses from two hundred and eighty-five community foundations, the report, (19 pages, PDF), found that respondents held assets totaling $66 billion, with more than 90 percent of them reporting asset totals that exceeded pre-2007 levels. The survey also found that they received gifts totaling $7.5 billion, with the largest foundations seeing the largest increases; and that they awarded grants totaling $4.9 billion, up 11 percent on average on a year-over-year basis. According to the report, donor-advised funds continued to be a significant driver of growth and grantmaking for community foundations, representing 40 percent, on average, of survey respondents' total gifts and grantmaking, while administrative fees remained their most significant revenue source, representing 75 percent of total revenue among respondents with assets of more than $250 million and 61 percent of total revenue among those with assets under $50 million.